Australia Government Budget

Australia recorded a Government Budget deficit equal to 1.90 percent of the country's Gross Domestic Product in 2017. Government Budget in Australia averaged -0.79 percent of GDP from 1971 until 2017, reaching an all time high of 2.20 percent of GDP in 1971 and a record low of -4.20 percent of GDP in 2010.

Government Budget in Australia is expected to be -1.20 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Government Budget is projected to trend around -0.30 percent of GDP in 2020, according to our econometric models.

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Australia Government Budget

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Australia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Government Budget - actual data, historical chart and calendar of releases - was last updated on January of 2019.